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Offshoring Legal Services to India - An Update

Product Type: Market Research Report
Published by: ValueNotes Database Pvt. Ltd.
Published: July 2007
Product Code: R660-9
Description
The India revenues from legal services offshoring are slated to grow from $146 million for the calendar year 2006 to reach $640 million by end 2010. The industry employed around 7,500 people in the legal offshoring space in India as of end 2006. The number of employees is expected to reach 32,000 by end 2010.

The study focuses on eight broad segments: Legal transcription, Document review, Litigation support, Legal research, Intellectual Property, Contract related services, Secretarial and Legal publishing services.

The Indian vendor space has over 100 service providers that can be categorized into three groups: Captive centers of corporates, Third party - Niche service providers (Stand-alone LPOs) and Third party - Multiservice providers. Third party vendors dominate the LPO space by employing the majority of the workforce in the sector. However, vendors with niche focus and multi-service providers differ distinctly in terms of service offerings and capability.

According to Arun Jethmalani, CEO, ValueNotes, ""While most vendors start by offering lower value services and gradually move up the value chain by demonstrating domain skills and gaining client confidence, there are others who focus on specific high-end services or niches."" Adds Neeraja Kandala, analyst and co-author of the report, ""High volume services like Document review, eDiscovery, Legal publishing as well as niche areas in Intellectual Property and Contract services will drive future growth in legal services offshoring.""

Based on our exhaustive primary research and analysis of this sector, ValueNotes has identified a ""List of frontrunners"" which includes Evalueserve, Integreon, OfficeTiger, CPA Global, Mindcrest, Pangea3 and Quislex. We have also identified ''Emerging players'' that have potential to emerge as winners within their chosen niches. These include players like LawScribe, New Galexy, SDD Global Solutions, Tusker Group, Aptara, Lason and Quattro BPO.

The ValueNotes report: ""Offshoring Legal Services to India: An Update"" provides an in-depth information and analysis of the Indian vendor space along with vendor profiles of all major and upcoming players.

The report provides an in-depth analysis of the Indian vendor space along with profiles of all major industry players. The report is designed to help:
  • Law Firms, Corporations, Lawyers, Legal publishers looking to outsource/offshore
  • Outsourcing consultants evaluate and compare the offerings of vendors
  • Offshored Legal service providers to assess their competitive environment
  • American and European corporations/lawfirms looking for Indian partners
  • Venture Capital companies looking for investment opportunities
  • Researchers looking for detailed information on legal services outsourcing
  • Law Firms will find this report invaluable in understanding the capabilities of vendors, and selecting the best fit.
The report is based on secondary data as well as extensive interviews with key people at various legal services outsourcing companies in India.
Table of Contents
1. EXECUTIVE SUMMARY

2. GLOBAL MARKET FOR LEGAL SERVICES
2.1 Organization of the Legal Services Industry
2.1.1 Law Firms
2.1.2 In-house Legal Departments
2.1.3 Legal Publishers
2.2 Law Firms Dominate the Industry
2.3 The Common Law and Civil Law System
2.4 Concentration - Prominent Countries are US and UK
2.4.1 Select Facts and Figures

3. LEGAL SERVICES: OUTSOURCEABLITY
3.1 Functions and Outsourceability
3.2 The Legal Services Value Chain
3.3 A Wide Range of Services
3.3.1 Legal Support
3.3.2 Legal Research
3.3.3 Intellectual Property
3.3.4 Others

4. THE OFFSHORE ALTERNATIVE
4.1 The Offshoring Chain
4.2 The Pioneers
4.3 IP-related Work Dominates in Value
4.4 Law Firms are the Largest Service Buyers
4.4.1 Prominent Service Buyers
4.5 Offshoring Drivers
4.5.1 Congruent Legal Systems
4.5.2 Major English Speaking Country
4.5.3 Availability of Highly Skilled Manpower
4.5.4 India Offers Cost-effective Talent
4.5.5 Cost Comparison Across Destinations
4.5.6 Complementary Time Zones

5. INDIAN VENDOR ANALYSIS
5.1 Industry Structure
5.1.1 Captives
5.1.2 Third Party
5.2 Comparative Analysis of Vendors
5.2.1 Types of Players
5.2.2 Segmentation by Services Offered
5.2.3 Citywise Concentration
5.3 Billing Rates
5.4 Current Positioning of Vendors
5.5 Key Industry Issues
5.5.1 Huge Training Requirement to Fill the Skills Gap
5.5.2 Attrition Currently a Non-Issue
5.5.3 No Significant Competition to India
5.5.4 Data Security is a Primary Concern

6. TRENDS, INSIGHTS & PROJECTIONS
6.1 Opportunity for India
6.2 Indian Offshoring Growth Estimates
6.3 Intellectual Property & Conveyancing to Grow Dramatically
6.4 Horizontal Competition in Low-end Jobs
6.5 More Aggressive Moves by Large BPOs
6.6 Captives Will Increase Share
6.7 Expect M&A Activity in 2006 and 2007
6.8 Domestic Market Deregulation Can Provide Huge Fillip

7. COMPANY PROFILES
ALMT Synergies
Atlas Legal Research
Comat
IndiaLegal.net
Integreon
Intellevate India
Lexadigm Solutions
Manthan Services
Mindcrest
NewGalexy
Pangea3
Prolifus
Quislex
Variante Global
Verist Research

8. ABOUT VALUENOTES

Table of Figures
Figure 1 Structure of Legal Industry
Figure 2 Types of Law Firms
Figure 3 Global Legal Services Market
Figure 4 Common Law and Civil Law
Figure 5 Global Legal Services Market
Figure 6 Legal Services Industry: Facts and Figures
Figure 7 Structure of Law Firms, Corporate Legal Departments and Publishers
Figure 8 The Legal Services Value Chain
Figure 9 The Offshoring Chain
Figure 10 Revenues by Type of Services
Figure 11 Law Firms are the largest service buyers
Figure 12 Legal Outsourcing Services on Offer
Figure 13 India Talent Pool
Figure 14 Prominent Law Schools in India
Figure 15 Approximate Wage Comparison: Legal Industry in India, US, UK
Figure 16 Approximate Costs across Destinations
Figure 17 Industry Structure
Figure 18 Major Players in Legal Outsourcing in India
Figure 19 Employment in Third Party vs. Captive
Figure 20 Revenue/Employee for Captives is the Highest
Figure 21 Segmentation by Services Offered
Figure 22 Citywise Concentration of Legal Service Providers
Figure 23 Types of Billing Rates
Figure 24 Average Billing Rates in Industry
Figure 25 Billing Rates
Figure 26 Comparative Analysis of Leading Vendors
Figure 27 Comparative Rating of Destinations
Figure 28 The Opportunity Size
Figure 29 Estimated Employee Growth by 2015
Figure 30 Estimated Revenue Growth by 2015
Figure 31 Possible Scenario: Removal of Entry Barriers in Domestic Market
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